01521cas a2200241 a 4500 AALejournalIMF014074 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484312001 1018-5941 BD-DhAAL BD-DhAAL Garcia-Escribano, Mercedes. Monetary Transmission in Brazil : Has the Credit Channel Changed? / Mercedes Garcia-Escribano. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (20 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper investigates the transmission of monetary policy by private banks in Brazil during the recent easing cycle. The analysis presented uses a panel dataset with information on lending by private banks in Brazil and concludes that monetary transmission through lending volumes was not impaired. Instead, the observed diminished lending appears to be related to supply and demand factors, as well as to the rapid expansion of public banks' lending. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2013/251 Full text available on IMF http://elibrary.imf.org/view/journals/001/2013/251/001.2013.issue-251-en.xml IMF e-Library